FINRA Panel Says UBS Must Pay $9M to Puerto Rican Muni Investor
The arbitration ruling comes just one month after an $18 million ruling, with more decisions expected.
Which Puerto Rico Bond Defaults Next? 42% Yields Provide a Clue
Puerto Rico will default in 2016. The question is, will it happen as soon as Jan. 1?
FINRA, SEC Wallop UBS Puerto Rico With $33.5M in Penalties Over Closed-End Funds
Company failed to ensure suitability for clients of Puerto Rican CEFs that were highly invested in Puerto Rican municipal bonds; branch manager and rep charged.
Finke: When Municipal Bonds Get Exciting
Munis can hold considerable attraction, under the right circumstances.
SEC Begins Exams of Municipal Advisors; Focus on "Identified Risks"
Over the next two years, OCIE plans to examine a “significant percentage" of muni advisors, "establishing a presence" and focusing on risk.
Worries Peak on Puerto Rico Utilities Debt After New Bankruptcy Law
After debt-restructuring bill’s passage, bondholders watch to see if the commonwealth's electric utility will make Tuesday payment; two fund companies sue to declare law unconstitutional.
Muni bond buyers have high hopes for PPACA
Fixed-income investors are hoping Americans have gotten covered.
SEC proposes stricter rules on brokers
Brokers would be required to trade at the most favorable prices for clients in the muni bond market.
Forget Meredith Whitney, as Muni Lawyer Predicts New Bankruptcy Wave
Meredith Whitney was taken to task last year after predicting ‘significant’ muni defaults, but public finance lawyer Dubrow says he can see a wave of Chapter 9 bankruptcies coming.
High-Quality Bonds in 2011 Saw Best Performance Since 2002: LPL’s Valeri
High-quality bonds in 2011 posted their strongest returns since 2002, even better than in 2008 when Treasury prices soared, says LPL Market Strategist Anthony Valeri.